Stephen J. Squeri, commonly known as Steve, was appointed CEO and Chairman of The American Express Company or Amex. It is an American financial services firm. In February 2018, he replaced Kenneth I. Chenault, a 37-year corporate veteran. Steve Squeri, the CEO of American Express, has 33 years of experience with the organization. Before becoming CEO, he held the position of Vice Chairman of Amex.
His tenure with the organization began in 1985 as Manager. Under his direction, the organization focused on utilizing digital space to serve its businesses and clients. Stephen is also a board member for other companies. The primary business of American Express in 1850 included charge and credit cards, business travel services, and more.
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CEO Stephen Squeri Background
Stephen Squeri, born in 1954, has been the Chief Executive Officer of American Express since February 1, 2018. Stephen has held the position of vice chairman of American Express since 2015. He was previously the President of Amex’s worldwide corporate services group.
Stephen Squeri Family
Steve, the current American Express CEO, is 63 years old. Stephen Squeri’s wife is named Tina. They are situated in New Jersey, their primary residence.
Joseph Squeri, Stephen Squeri’s father, earned a Business Management BS from Manhattan College. Before working at Colgate, CBS, and Bloomingdales.
Stephen Squeri Education
Stephen earned his bachelor’s degree in science at Manhattan College in 1981. Stephen Squeri college finished his Master’s Degree in Business Administration in 1986.
In 1981, Stephen worked as a management consultant for the accounting firm Arthur Andersen for four years. He then served on the boards of directors for J.Crew and the American Life Guardian Insurance Company in 2017.
In addition, Stephen has served as a director for the Valerie Fund and Manhattan College, two affiliated organizations. He also participates in the executive leadership of the high school attended by Monsignor McClancy Memorial High School.
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Stephen Squeri Career
In 1985, Stephen started working with American Express as the Manager of the Travellers Cheque Group. His official title was “President.” He is the head of the Establishment Services group in North America.
Stephen served as President of the Corporate Card group from 2002 until 2005. It was the time when he globalized the firm. Then, in 2005, Stephen got promoted to Chief Information Officer and shared responsibility for the Corporate Development department.
Stephen Squeri’s leadership was excellent. He was the one overseeing the expansion of the Global Services Group, which resulted in the company’s shared services being centralized and internationalized.
As of 2015, he serves in his previous position as Vice Chairman of the Board. Squeri was appointed Chairman and CEO of American Express in 2018. Following Kenneth Chenault’s resignation from the company.
American Express CEO Stephen Squeri Salary
In addition to the base pay of $1.5 million, CEO Stephen Squeri was eligible for yearly and long-term incentives. As part of his remuneration package in 2021.
Photo Credits: The Wall Street Journal
Stephen Squeri Net Worth
It is estimated that Stephen Squeri’s net worth as of now is somewhere around $218.72 million. The American Express Company owns about 31,410 of Stephen Squeri’s shares of common stock.
Stephen Squeri American Express Company is still in service for the past seventeen years. However, he has reportedly closed sales of $253.48 million this time.
Stephen Squeri AMEX made the most consequential purchase order on May 29, 2015. It was for 465,000 units with an estimated value of $26.3 million.
On February 3, 2022, the most significant outstanding selling order Stephen Squeri placed was for 267,656 units. By that, it had a combined value of more than $48,800,000. During his seventeen years of service with American Express Company, Stephen Squeri has been in approximately 59 different transactions.
The busiest month for Stephen is often January. The most active years are 2019, 2013, and 2006, respectively. It placed a selling order on April 30, 2022, for a total of 48,160 units. By that, its estimated price of $8.59 million.
Stephen Squeri Political Affiliation
AMEX released a statement on Twitter,
“I have faith that our democratic institutions and the principles upon which they were founded will prevail and that we will get through this together.” – Stephen J. Squeri, CEO of American Express.
Photo Credits: Getty Images
Top Things About American Express CEO Stephen Squeri
1. The role is pretty new to him.
It was just in January 2018 when he assumed the role of CEO. So it is evident that he has not been performing this particular job for extended periods. Despite this, he is familiar with American Express and not new to the finance business. Moreover, he has worked for the company in the past.
2. He was promoted from his former post.
He served the organization for some time as the vice chairman of the board of directors. But, even before then, he had already served in one of the company’s other administrative capacities. So it has given him a solid foundation upon which to grow. And he has demonstrated that he can capitalize on opportunities when they present themselves to him.
3. He went to school at Manhattan College.
He finished all his academic pursuits, including his Bachelor of Science degree, in 1981. Master of Business Administration degree in 1986, which took place at the same university.
4. His job experience includes some of the most prestigious companies.
Before working for American Express, he was a consultant for the accounting company Arthur Andersen. During those years, he gained valuable experience in the financial industry. Before starting his employment with American Express, he worked in the financial field for four years.
5. He is a member of many boards.
He enjoys maintaining a hectic schedule. Stephen is a member of the board of directors for the companies like Guardian Life Insurance Company, J. Crew, and the Valerie Fund. It is difficult to fathom how he manages, but he doesn’t appear to struggle with it in any way.
6. He still works in the field of education.
He is well aware of the significance of education. Therefore, he does everything in his power to promote its advancement. To this day, he places significant importance on his education at Manhattan College. In addition, he helps out the community by being on the Board of Trustees for the college.
7. Due to his efforts, American Express is now recognized in every country.
He had worked for American Express for a considerable time before being promoted to CEO. While serving in one of the executive capacities, he took steps to internationalize the business he oversaw. As a result, many people who are knowledgeable in finance give him credit for transforming the company.
8. His preferred methods of labor are more time-honored ones.
He is familiar with the experience of laboring diligently and devoting one’s entire focus to something. He does not show the slightest bit of fear when going after what he wants. As proof of his success, he can point out things he has done because he has worked hard.
9. He cares deeply about what he does.
Because he is so passionate about his work, he can maintain his dedication to the company. He thinks it is simpler to make something properly when the person behind is passionate about their work. Therefore, he always made sure that his professional career corresponded with the interests that he had in his personal life.
10. He wishes to see the success of others.
Even though he has achieved a remarkable amount of success, Stephen is well aware of how difficult it can be to thrive in the cutthroat environment of today’s world. And people have better chances of succeeding when they are prepared.
He exerts a lot of effort to help young people realize education’s importance. He helps them find effective ways to access opportunities that are available to them. He knows that if a person is allowed to build a wonderful life, that person will perform better.
You can visit Stephen’s social media sites to learn more about him:
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Stephen Squeri American Express/CEO FAQs
How old is Stephen Squeri?
Born in 1959, Stephen Squeri is currently around 63 years old.
Where exactly does Stephen Squeri live?
Stephen Squeri house is in Queens, New York. He feels responsible for giving back to his community while working to improve educational and professional prospects. As a result, Manhattan College and Monsignor McClancy Memorial High School have appointed him to their respective boards of trustees.
When did Steve Squeri become CEO?
On February 1, 2018, Stephen Squeri assumed the roles of Chairman and CEO of the American Express Company.
How much does the CEO of Amex make?
The total remuneration that S. J. Squeri received $25,497,493 from AMERICAN EXPRESS CO. when he served as Chairman and CEO was $25,497,493.
This amount broke down as follows: $1,500,000 came from a salary, $8,000,000 came from a bonus, $2,899,974 came from stock options, $12,549,027 came from stock awards, and $548,492 came from other forms of remuneration.
Who is the current CEO of American Express?
The Chief Executive Officer of American Express is Stephen Squeri. Since February 1, 2018, he has served in this capacity. In 2015, Stephen served American Express as vice chairman. Before that, he held the position of group president of Amex’s worldwide corporate services group.
Who owns Amex?
The American multinational conglomerate holding firm Berkshire Hathaway Inc. Its headquarters is in Omaha, Nebraska, United States.